Question

If an individual was studying the economic policies designed to stimulate the country’s economy out of a recession they would be a

Answer 1

The economic policies designed to take the economy out of the recession are

• Fiscal policy = increase in the government expenditure and decrease in taxes,
• monetary policy = increase in the money supply.

The economist will be a Keynesian economist as classical or neo classical deny any role to the government in case of a recession.